Monday morning news drop
Canada's village that bought a forest Cumberland on Vancouver Island has evolved from a grubby coal town to a mountain biking mecca, all thanks to passionate locals who claimed control of their landscape.(BBC)
Why Did the Women’s Tennis Association Risk Everything for Peng Shuai? The WTA decided to do what the NBA, Nike, Microsoft, Starbucks, Blackstone, Goldman Sachs and innumerable other global businesses vastly greater in size, power and revenue have not. It has to do with tanks in Shenzhen, mariachi bands in Guadalajara and a legacy passed down by players for 50 years. (Sports Illustrated)
How Shein beat Amazon at its own game — and reinvented fast fashion By connecting China’s garment factories with Western Gen-Z customers, Shein ushered in a new era of “ultra-fast” shopping. (Rest of World)
Inside Gucci with creative director Alessandro Michele You don't need to speak much Italian to know the word Gucci. For 100 years, the brand with its double G logo has been synonymous with opulence, understated luxury and over-the-top prices. (60 Minutes)
The true story behind the IBM Personal Computer: The industry-creating IBM Personal Computer 5150 turned 40 this year. To mark the occasion, we reveal the story of its birth – and destroy one long-running myth in the process (IT Pro)
Inside Tesla as Elon Musk Pushed an Unflinching Vision for Self-Driving Cars The automaker may have undermined safety in designing its Autopilot driver-assistance system to fit its chief executive’s vision, former employees say. (New York Times)
Can Indoor Farms Reach Skyscraper Height? A proposed Shenzhen skyscraper would include a 51-story hydroponic farm, as hopes grow that vertical farms can help address food insecurity. (CityLab)
Five reasons why inflation will persist Unless governments can improve labour productivity, inflation can only be cured by interest rates high enough to slow down the economy (Financial Post)
The Future of Work Is a 60-Year Career Humans may soon live to be 100, which likely means more years on the job. That could be a good thing, if we take the opportunity to redesign work. (The Atlantic)
The best and worst places to live (if you only care about money). The conventional wisdom has long been that most workers — no matter their education or skills — should move to big metropolitan areas with lucrative, globally competitive industries, where they can get in on the action and climb the economic ladder. But there is another side to the equation: cost of living. Whether a place offers a good financial deal is like an arm-wrestling match between the income you can earn there and its cost of living. (NPR)
Fox News’s shaky veneer collapses Text messages the Jan. 6 committee received from Mark Meadows included appeals from several Fox News hosts, including Sean Hannity and Brian Kilmeade, warning Meadows Jan 6 rioters were “destroying everything you have accomplished.” This ended the ability for Fox News to credibly claim that its approach to its coverage is objective. (Washington Post)
The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes for Generations In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong. (ProPublica)